Oil goes on falling in price in the expectation of supplies from Europe to cover the shortage because of the hurricane in the USA. Currently the quotations are somewhere on the 3-week minimum. IEA took a decision to apportion 60 million barrels of oil from the strategic resources of the member countries in order to help the USA. This fuel volume is going to be supplied within a month. The price for futures in October for oil WTI on NYMEX on September 12 fell to $63.34/barrel. Today morning the price for oil is about $63.25/barrel on the e-trades.
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